Ayrton raises $6.8m to scale LOHC technology globally

Ayrton Energy has secured $6.8m in seed financing to advance its liquid organic hydrogen carrier (LOHC) technology.

Led by Clean Energy Ventures and the Business Development Bank of Canada’s investment arm, BDC Capital, Ayrton will leverage the financing to “scale its proprietary technology, double the size of its team, and expand operations into energy hubs in the US.”

Canada’s Ayrton has stated its LOHC hydrogen storage system can “enable clean hydrogen at lower cost and higher safety than any storage solution on the market today.”